Math Gone Mad: Regulatory Risk Modeling by the Federal Reserve
byThe U.S. financial system faces a major, growing, and much under-appreciated threat from the Federal Reserve’s risk modeling agenda—the “Fed stress tests.” These were…
Economics
A black mark for benchmarks
by“Sir, So Ed Miliband “forgot” to mention the deficit. This from a man who was a key member of the team that ran up…
Weak Labour Markets and Repo Market Disruptions
byCentral Banking Low interest rates contribute to weak labour markets In the latter part of August, the cream of the world’s central bankers convened…
A difficult question
byIn a radio interview recently* I was asked a question to which I could not easily give a satisfactory reply: if the gold market…
Austrians, Fractional Reserves, and the Money Multiplier
by[Editor’s note: this article, by Robert Batemarco, first appeared at Mises.org] John Tamny recently wrote a piece at Forbes titled, “The Closing of the Austrian…
Rethinking Japan’s “Lost Decades”
by[This article, by Peter St. Onge, first appeared at mises.org] One of the great economic myths of our time is Japan’s “lost decades.”…
As Germany loses battle for ECB, QE goes global
byWhat is Super Mario up to? First, he gave an unexpectedly dovish speech at the Jackson Hole conference, rather ungallantly upstaging the host, Ms…
Our obsession with monetary stimulus will end in disaster
byThe following is a commentary I wrote for The Forum section of London business-paper City A.M. The link is here. It is now six…
Bank Run Incentive, Central Bank Bankruptcy, and The Fallacy of the Credit Theory of Money
by[Editor’s Note: this is from the World Dollar Foundation, and can be found here] Part 1: The Bank Run Incentive There is an incentive…
Back to the future
by“Sir, Arnaud Montebourg, the former French economy minister and the sourest note in the Hollande repertoire, dares to complain of “absurd” austerity policies ?…